Online Current Affairs for Exams


Microsoft-Flikpkart announce strategic tie-up


  • IT giant Microsoft today announced a “strategic partnership” with Flipkart, wherein as a first step, the online retailer will adopt Microsoft Azure as its exclusive public cloud platform.
  • The strategic partnership was aimed at providing consumers in the country the best online shopping service,
    Starting with computing infrastructure.
  • Microsoft Azure will ultimately add a layer of advanced cloud technologies and analytics to Flipkart’s existing data centres.
  • Flipkart in its tenth year of operations had taken e-commece to about 50 million customers and the question now was how to take this to 500 million people in the next ten years.
  • Flipkart plans to leverage;
    1. artificial intelligence,
    2. machine learning and
    3. analytics capabilities
    in Azure, such as Cortana Intelligence Suite and Power BI, to optimise its data for;
    1. innovative merchandising,
    2. advertising,
    3. marketing and
    4. customer service.
  • With 'powerful insights' about its business and new, intelligent services, Flipkart can deliver increasingly relevant and personalised experiences to its customers
Quick Question for Bank PO/ IBPS Exams 2016-17:
Microsoft announced  “strategic partnership” with which IT company of India, wherein as a first step, the online retailer will adopt Microsoft Azure as its exclusive public cloud platform? 
 - Flipkart. 
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Jo Wilfried-Tsonga beats David Goffin to win Rotterdam Open


  • Jo-Wilfried Tsonga engineered a comeback to defeat David Goffin at the Rotterdam Open and earn a first ATP title.
  • Tsonga moved up to 11th in the world rankingsGoffin, playing his second ATP final in a row after losing in Sofia to Grigor Dimitrov, is set to become the first Belgian man to enter the world top 10.
  • In Buenos Aires, Japan's world number five and top seed Kei Nishikori suffered a surprise defeat by Alexandr Dolgopolov in the Argentina Open final.
  • Ukraine's Dolgopolov won 7-6 (7-4) 6-4 on the clay to win his third ATP title and first in five years.
  • American Ryan Harrison beat Nikoloz Basilashvili of Georgia 6-1 6-4 to win his first ATP title at the Memphis Open.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Who won the Rotterdam Open? 
 - Jo Wilfried-Tsonga. 
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Virat Kohli first Indian sportsperson to ink Rs 100-cr deal with Puma


  • Virat Kohli became the first Indian sports personality to strike a Rs 100-crore endorsement deal with a single brand.
  • Kohli signed an eight-year deal with sports apparel brand Puma worth Rs 110 crore. The Indian cricket captain is now set to join the likes of;
    1. Usain Bolt,
    2. Asafa Powell and
    3. Thierry Henry,
    among others, as a global ambassador for the brand.
  • The long-term deal could potentially cover Kohli’s remaining career with the Indian team.
  • A bulk of the endorsement deal, estimated between Rs 12 crore to 14 crore annually, is locked up in fixed payout.
  • Only Sachin Tendulkar and Mahendra Singh Dhoni have been in the Rs 100-crore club through multi-year contracts with talent management agencies, but they have never been signed by a single brand for such a big amount.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Who became the first Indian sports personality to strike a Rs 100-crore endorsement deal with a single brand?
 - Virat Kohli.
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Tata Steel's Katamati Mine wins Best Green Award


  • Tata Steel's Katamati iron mine has been honoured with the the Best Green Organisation of the Year Award at the Global Green Future Leadership Awards in recognition of its environmental protection measures.
  • The award was presented at a function organised by World CSR Day.
  • Katamati iron mine has been engaged in environmental protection efforts for years and has successfully implemented Environmental Management System as per the requirements of ISO 14001:2004.
  • The Global Green Future Leadership Awards is for any organisation that participates in environmentally friendly or green activities to ensure that all;
    1. processes,
    2. products, and
    3. manufacturing activities
    adequately address environmental concerns while maintaining a profit.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which firm has been honoured with the the Best Green Organisation of the Year Award at the Global Green Future Leadership Awards? 
 - Tata Steel's Katamati iron mine. 
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SpaceX Launches 1st Private Rocket from Historic NASA Pad


  • SpaceX has launched the first private rocket from the same historic site that saw some of NASA's greatest space missions, then landed a booster nearby in a resounding success.
  • The California-based company's Falcon 9 rocket launched a robotic Dragon cargo capsule toward the International Space Station from Launch Complex 39A at NASA's Kennedy Space Center — the same pad that once hosted Apollo moon missions and space shuttle launches.
  • The Falcon 9's first stage came back to Earth successfully, landing a few miles from the Florida launch site about 8 minutes after liftoff as planned.
  • It was SpaceX's first daytime landing at the site, called Landing Zone 1, at the Cape Canaveral Air Force Station.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which firm has launched the first private rocket from the same historic site that saw some of NASA's greatest space missions? 
 - SpaceX. 
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To avail scholarship, Aadhaar now mandatory for college and varsity students


  • To avail benefits under the Central Sector Scholarship Scheme for College and University students, applicants will now have to furnish proof of possession of Aadhaar card or undergo Aadhaar authentication.
  • Those receiving these scholarships but who don’t have an Aadhaar card will have to apply for enrolment by June 30 this year, the ministry said in a notification.
  • However, this will not be applicable in Jammu & Kashmir.
  • As per another notification issued by the ministry, students who wish to avail the National Means-cum-Merit Scholarship Scheme will also have to apply for Aadhaar by June 30, though it exempts the states of
    1.J&K,
    2. Assam and
    3. Meghalaya.
  • The move will bring in transparency and enable beneficiaries to get their entitlements directly in a convenient and seamless manner, and Aadhaar obviates the need for producing multiple documents to prove identity.
  • However, till the time Aadhaar is assigned to the students, they may get scholarships on the basis of documents like ;
    1. Aadhaar Enrolment ID slip,
    2. Aadhaar enrolment application,
    3. voter identity card,
    4. PAN card etc.
Quick Question for Bank PO/ IBPS Exams 2016-17:
To avail benefits under the Central Sector Scholarship Scheme for College and University students, applicants will now have to furnish proof of possession of which card? 
- Aadhaar card.
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SC introduces scheme to provide legal services to middle income group


  • Now, it is easier for the middle and relatively lower income group to avail the legal services of the country.
  • The Supreme Court (SC) of India has introduced the Middle Income Group Scheme.
  • It is a self supporting scheme which provides legal services to the middle income group citizens i.e. citizens whose gross income is not exceeding Rs 60, 000 per month or Rs 7, 50, 000 per annum.
  • The members of the governing body to whom the management of the Society is entrusted as required under Section 2 of the Societies Registration Act, 1860, as applicable to the National Capital Territory of Delhi include ;
    1. Chief Justice of India as Patron-in-Chief,
    2. Attorney General for India as Ex-officio Vice-President,
    3. Solicitor General of India as Secretary and 4. other senior advocates of the Apex Court as its members.
  • As per the Supreme Court rules it is only through advocates on record that cases can be filed before it, according to a PIB release.
  • A sum of Rs 500 shall be payable to the Supreme Court Middle Income Group Legal Aid Society (SCMIGLAS) as service charges.
  • The applicant shall have to deposit the fee indicated by the Secretary, which will be in accordance with the schedule attached to the scheme.
  • It is the Secretary, who will register the case under the MIG Legal Aid Scheme and proceed to forward the papers to the Advocate-on-Record/Arguing Counsel/Senior Counsel on the panel for opinion.
  • If Advocate-on-Record is satisfied that it is a fit case to be proceeded with, then the Society will consider that the applicant is entitled to legal aid, said the PIB release.
  • Under the scheme, middle class people who cant afford the expensive litigation in the Supreme Court can avail the services of the society for a nominal amount
Quick Question for Bank PO/ IBPS Exams 2016-17:
The Supreme Court (SC) of India has introduced which scheme for the middle and relatively lower income group to avail the legal services of the country? 
 - Middle Income Group Scheme.
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India's vaccine regulatory body NRAI gets highest WHO ratings


  • The National Regulatory Authority of India (NRAI) has been given the maximum ratings by global health body World Health Organisation for vaccine regulations.
  • WHO completed the assessment of the status of the Indian vaccine regulatory system against WHO NRA Global Benchmarking Tool (GBT) and measured the maturity of the system in India.
  • The assessment has been done in respect of 9 different functionalities and Indian NRAI has been declared 'functional' with a maturity level of 4 which is the highest level as per currently evolved definitions in respect of 5 functions, and maturity level 3 in respect of 4 functions.
  • While,
    1. maturity level 4 indicates good results and sustained improvement trends,
    2. level 3 reflects systematic process based approach, early stage of systematic improvements, data availability regarding conformance to objectives and existence of improvement trends
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which Indian organisation has been given the maximum ratings by global health body World Health Organisation for vaccine regulations?
- The National Regulatory Authority of India (NRAI). 
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BEL launches communication radio for India Army


  • Bharat Electronics (BEL) has reportedly launched a new communication radio for the Indian armed forces, called STARS-V Mk III, at the Aero India 2017 show.
  • The radio is completely designed, developed and made in the company. It is a
    1. multi brand,
    2. high data rate,
    3. software intensive IP radio
    with mobile ad hoc networking (MANET) functions supporting up to 64 notes.
  • Bharat Electronics is a multi-product, multi-technology, multi-unit conglomerate with over 350 products in the areas of military;
    1. communication,
    2. radars,
    3. naval systems,
    4. C4I systems,
    5. weapon systems,
    6. homeland security,
    7. telecom & broadcast systems,
    8. electronic warfare,
    9. tank electronics,
    10. electro-optics,
    11. professional electronic components and
    12. solar photovoltaic systems.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which firm has reportedly launched a new communication radio for the Indian armed forces, called STARS-V Mk III, at the Aero India 2017 show?
 - Bharat Electronics (BEL). 
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OMA Emirates enters Indian payments market; buys MobiSwipe


  • UAE based merchant solutions provider OMA Emirates today said it has entered into Indian market with the acquisition of mobile point of sale (mPOS) firm MobiSwipe.
  • MobiSwipe enables merchants to accept credit and debit card payments through a mobile application.
  • OMA, which is currently having presence in;
    1. Middle East,
    2. Europe and
    3. select parts of Asia,
    will provide services like business development, sales and marketing.
  • The company said its operations will be located in Mumbai and plans to open offices in other parts of the country gradually.
  • OMA Emirates is in the business of providing solutions like ;
    1. electronic funds transfer (EFT) POS application,
    2. mobile e-top-up solution,
    3. EMV card personalisation solutions,
    4. central issuance solutions,
    5. branch issuance solutions, among others.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which firm entered into Indian market with the acquisition of mobile point of sale (mPOS) firm MobiSwipe? 
 - OMA Emirates. 
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SBI ties adult with Greenply to offer financial services to the dealers


  • State Bank of India has announced a tie-up with Greenply Industries to grow a channel financing business.
  • Forging a business partnership is rather routine, though this turns out to be special as a bargain allows SBI to take nonetheless another step in flourishing a digital banking footprint.
  • The dual companies sealed a chit of bargain on Saturday for financing a dealers of GreenplyIndustries on electronic platform.
  • SBI pronounced it will extend financial services to Greenply dealers to grow serve on a really rival pricing.
  • SBI, that is slated to suffer one-fourth marketplace share with a partnership of a associate banks with itself in FY18, is formulation to emanate a digital-only bank height to concede exchange to be finished with a assistance of;
    1. apps,
    2. internet banking and
    3. mobile banking.
  • It has also taken beginning to stop use of paper from a branches for end-to-end digitisation.
Quick Question for Bank PO/ IBPS Exams 2016-17:
State Bank of India has announced a tie-up with which firm to grow a channel financing business? 
 - Greenply Industries. 
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India bag silver medal at women’s Asian Rugby Sevens Trophy


  • India won the silver medal at the women’s Asian Rugby Sevens Trophy having won five matches and lost one.
  • In the seven-nation round-robin competition, India defeated;
    1. Laos 22-7,
    2. Philippines 12-5,
    3. Nepal 43-0 and
    4. Malaysia by 26-12.
  • On the second day, India defeated Pakistan by 5-0 and in the last match were beaten by South Korea by 0-29.
  • As per Asia Rugby’s tournament statistics, Indian Hupi Majhi was one amongst the top three Try Scorers of the tournament and Meerarani Hembram was the third highest in the conversions.
  • The sterling performance that this power-packed team of women has showcased at an international level has made India proud.
  • Tremendous potential for women’s rugby to grow heaps and bounds in our country and make our mark globally.
Quick Question for Bank PO/ IBPS Exams 2016-17:
India won which medal at the women’s Asian Rugby Sevens Trophy? 
 - Silver. 
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South Asian Speakers’ Summit starts in Indore


  • Speakers of six countries will deliberate on ways to achieve sustainable development goals during a two-day South Asian Speakers' Summit
  • The summit, was inaugurated by Lok Sabha Speaker Sumitra Mahajan on Saturday, will be attended by presiding officers and delegates from;
    1. Afghanistan,
    2. Bangladesh,
    3. Bhutan,
    4. Sri Lanka,
    5. Maldives and
    6. Nepal.
  • It will conclude with the adoption of an 'Indore Declaration' - laying down the outcome of the discussions and action points agreed upon by the participants - at a closing ceremony.
  • The summit will have a plenary session on 'Identifying Resources for SDGs Implementation in South Asia: Opportunities for Parliamentary Cooperation' on the inaugural day.
  • The session will inform the delegates about the implementation of Sustainable Development Goals (SDGs) in the South Asian region and will discuss ways in which legislatures can ensure that adequate financial and other resources accompany implementation of national and regional strategies.
Quick Question for Bank PO/ IBPS Exams 2016-17:
The two-day South Asian Speakers' Summit will be organised in which Indian city? 
 - Indore. 
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RBI allows multilateral FIs to invest in masala bonds


  • Reserve Bank permitted multilateral financial institutions to invest in rupee denominated bonds popularly known as ‘masala bonds’ issued by Indian entities.
  • In order to provide more choices of investors to Indian entities issuing rupee denominated bonds abroad, it has been decided to also permit multilateral and regional financial institutions where India is a member country, to invest in these rupee denominated bonds.
  • Meanwhile, the RBI has withdrawn the instruction regarding submission a fortnightly return on ;
    1. Forward Rate Agreement (FRA) and
    2. Interest Rate Swap (IRS)
    to Monetary Policy Department with a copy to various departments of the central bank.
  • In a further step towards rationalization of returns it has been decided to withdraw the said return with immediate effect. The banks are hereby advised to stop sending the hard copy of the said return to RBI.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Reserve Bank permitted multilateral financial institutions to invest in rupee denominated bonds popularly known as? 
 - ‘masala bonds’. 
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Govt Cuts Tenure Of SEBI Chairman-Designate Ajay Tyagi By 2 Years


  • The government said that the tenure of the next chairman of the Securities and Exchange Board of India (Sebi), Ajay Tyagi, will “initially” be for three years.
  • The earlier order issued had said Tyagi’s term will be for a period not exceeding five years or till the age of 65.
  • A government official said the latest order was issued to clear up ambiguity on the length of the tenure.
Quick Question for Bank PO/ IBPS Exams 2016-17:
The tenure of the next chairman of the Securities and Exchange Board of India (SEBI), Ajay Tyagi, will “initially” be for how many years?
 - Three years. 
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Indian Navy Inducts First All-women Global Circumnavigation Vessel 'Tarini'


  • The Indian Navy's second sailboat 'Tarini' was inducted into service.
  • The vessel is slated to be the platform for the first Indian all-women global circumnavigation by the Indian Navy to begin in August.
  • The sailboat Tarini is being inducted into the Navy and is slated to be the platform for First Indian All-Women Circumnavigation of the globe expedition of the Indian Navy,
    Extensive trials of the newly-built vessel were successfully completed in January.
  • The boat is skippered by Lieutenant Commander Vartika Joshi and crew members including ;
    1. Lieutenant Commander Pratibha Jamwal,
    2. Lieutenant Aishwarya Boddapati,
    3. Lieutenant Patarapalli Swathi,
    4. Lieutenant Sh Vijaya Devi and
    5. Lieutenant Payal Gupta, it said.
  • The Indian Navy is operating four sailing vessels capable of open ocean deployments -
    1. Tarangini,
    2. Sudarshini,
    3. Mhadei and
    4. Tarini,
    all four of which have been built in shipyards at Goa.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Indian Navy introduced which First All-women Global Circumnavigation Vessel? 
 -  'Tarini'. 
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Cash credit limit for MSMEs raised to 30 per cent


  • The government has increased the cash credit limit for;
    1. micro,
    2. small and
    3. medium enterprises (MSMEs)
    to 30 per cent of turnover from the existing 20 per cent to encourage such ventures conduct businesses digitally.
  • By taking up digital transaction, the balance sheet of companies would be "clean" and MSMEs would get loans from banks.
  • Take your balance sheet. Banks and financial institutions will sanction loans up to 30 per cent of your turnover. That is a good move towards ease of doing business
Quick Question for Bank PO/ IBPS Exams 2016-17:
Cash credit limit for MSMEs ( micro, small and medium enterprises) has been raised to how many percentage? 
 - 30%.
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Mastercard to provide payment processing solutions to Airtel Payments Bank


  • Mastercard will provide payment processing solutions to Airtel Payments Bank.
  • An online debit card has been launched to enable Airtel Payments Bank customers make digital payments at over 1 lakh online merchants.
  • Shashi Arora, MD & CEO, Airtel Payments Bank, said: “Mastercard’s globally proven expertise and technology solutions will enable us to provide;
    1. innovative,
    2. secure and
    3.convenient online digital payments solutions,
    to our customers.
  • This partnership will contribute to our vision of serving customers with a differentiated banking model that provides them a simple and convenient form of merchant payments.”
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which payment gateway firm will provide payment processing solutions to Airtel Payments Bank? 
 - Mastercard. 
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JLL named to FORTUNE’s 2017 World’s most admired companies list


  • Reinforcing its reputation for excellence, JLL (NYSE: JLL) has again been named to FORTUNE magazine’s World’s Most Admired Companies list.
  • The list is a major authority on corporate reputations compiled each year by FORTUNE and Korn Ferry Hay Group through a survey of top executives, directors and financial analysts.
  • FORTUNE's list of World’s Most Admired Companies determines the companies with the strongest reputations within and across industries.
  • KornFerry Hay Group, a global consulting firm, has worked with FORTUNE each year since 1997 to select and rank the Most Admired Companies and identify why they are highly regarded.
  • Nine key attributes are measured to compile the rankings, which include;
    1. Investment value,
    2. Quality of management,
    3. Innovation ,
    4. Products ,
    5. Social Responsibility and
    6. Ability to attract talent
  • JLL is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions.
Quick Question for Bank PO/ IBPS Exams 2016-17:
 Which company has again been named to FORTUNE magazine’s World’s Most Admired Companies list? 
- JLL.
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Eight Executive Directors appointed in various banks


  • Eight Executive Directors (EDs) have been appointed in various public sector banks on the recommendations of Banks Board Bureau.
  • Neelam Damodharan and Atanu Kumar Das have been appointed as EDs in Bank of India.
  • Damodharan is General Manager in Bank of Baroda and Das is GM in Vijaya Bank.
  • K Swaminathan, General Manager in Indian Overseas Bank, has been appointed as ED in the same bank.
  • Ashok Kumar Pradhan will be .ED in United Bank of India. He is at present Chief General Manager with State Bank of Bikaner and Jaipur.
  • P Ramana Murthy will be Executive Director of Central Bank of India.
  • He is GM of Allahabad Bank.
  • Fareed Ahmed Khan, General Manager of Corporation Bank, will be ED in Punjab and Sind Bank.
  • M K Bhattacharya and S Harishankar have been appointed EDs of Indian Bank and Allahabad Bank respectively.
  • Bhattacharya and Harishankar are working as Chief General Managers of State Bank of Mysore and State Bank of Travancore respectively.
  • The appointments are initially for a three-year period.
Quick Question for Bank PO/ IBPS Exams 2016-17:
How many Executive Directors (EDs) have been appointed in various public sector banks on the recommendations of Banks Board Bureau?
 - Eight. 
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